Week in Review 10/23/2020

Bearish week for many large economy equity indices, though a late week rally helped pare back some of the losses. The S & P 500 looks indecisive after US stimulus talks get drawn out another week without resolution.

In the US, initial claims dropped to 787k.

We see renewed growth in 10 year Benchmark yields, reaching a 4-month high.

For September real estate releases, Building permits continued to increase, though US housing starts flatlined. The more timely US Real Estate loan levels shows a continued decrease in levels.

Central Bank continues to maintain expansion in balance sheets, including an increase in foreign assets held.

Not a busy week in Oil and Metal commodities, but Agricultural products continue to rise in price, well best January highs.

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